Press release
Pet Wearable Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Pet Wearable Market Share
What Is the Expected Pet Wearable Market Size During the Forecast Period?
The size of the pet wearable market has experienced swift expansion in the past few years. The market's growth is projected to rise from $3.94 billion in 2024 to $4.55 billion in 2025 with a compound annual growth rate (CAGR) of 15.6%. The historical period's growth can be credited to factors such as pet owners' worries about pet wellbeing and safety, a rise in pet ownership along with humanization, the adoption of wearable technology in other industries, veterinarian endorsement for monitoring, and regulatory standards concerning pet safety.
In the coming years, the pet wearable market is projected to experience significant growth, with its value likely to increase to $8.83 billion by 2029, indicating a compound annual growth rate (CAGR) of 18.0%. Various factors contributing to the estimated growth during this forecast period include the rising popularity of telemedicine for pets, tailored pet health and wellness plans, AI-powered pet behaviour examination, increase in pet fitness and activity tracking, and the emergence of intelligent pet products and accessories. Forecasts also indicate that trends of wearable devices for particular pet species like cats, birds, technology for identifying pet emotions, augmented reality experiences for pets, pet data marketplaces with analytics, as well as subscription-based services for pet monitoring are also on the rise.
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What Are the High-Growth Segments in the Pet Wearable Market?
The pet wearable market covered in this report is segmented -
1) By Product Type: Smart Collar, Smart Camera, Smart Harness and Vest, Other Product Types
2) By Technology: RFID Devices, GPS, Sensor, Bluetooth, Other Technologies
3) By Application: Identification and Tracking, Monitoring and Control, Medical Diagnosis and Treatment, Other Applications
Subsegments:
1) By Smart Collar: GPS Tracking Collars, Activity Monitoring Collars, Health Monitoring Collars
2) By Smart Camera: Interactive Cameras, Pet Monitors with Treat Dispensers, Surveillance Cameras
3) By Smart Harness and Vest: GPS-Enabled Harnesses, Activity Tracking Vests, Safety Vests with LED Lights
4) By Other Product Types: Smart Leashes, Wearable Health Monitors, Pet Activity Trackers
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What Key Drivers Are Expected to Influence Future Pet Wearable Market Growth?
The global surge in the requirement for pet monitoring has played a significant role in the expansion of the pet wearable market. Pets are often seen as part of the family by their owners, who are prepared to invest in pet products and services. The 2023-2024 APPA National Pet Owners Survey, carried out by the American Pet Products Association, revealed that during the pandemic, 86.9 million U.S. households acquired new pets. Furthermore, the Pet Food Manufacturers Association, a trade organization for the pet food industry based in the UK, reported that 3.2 million UK households got a new pet amid the COVID-19 pandemic. The augmented number of pets suggests an escalating demand for pet-related items, including pet wearable technology.
Which Companies Hold the Largest Share Across Different Pet Wearable Market Segments?
Major companies operating in the pet wearable market include Allflex Inc., Avid Identification Systems Inc., Dairymaster Ltd., Datamars Inc., Felcana, FitBark Inc., Garmin Ltd., GoPro Inc., Invisible Fence Inc., Konectera Inc., Scollar Inc., Tractive GmbH, Trovan Global, PetPace Ltd., Motorola Mobility LLC, Num'axes S.A., Dogtra Shop Ltd., Dog Tracker Nano, Indiegogo Inc., GIBI Technologies Inc., Nedap NV, Omnia Technologies Pvt. Ltd., Pawbo Inc., Wagz Inc., Link AKC, Mars Incorporated, Loc8tor Ltd., Anser Innovation LLC, Pet Vu Inc., Petrek Mechanical Contractors Ltd., DOTTpet, WonderWoof Pvt. Ltd., Pawscout Inc., Voyce Inc., Petkit Network Technology Co. Ltd.
What Trends Are Driving Growth in The Pet Wearable Market?
Businesses in the pet wearable market are progressively embracing IoT (Internet of Things) advances in pet tracking gadgets, enabling pet owners to effortlessly monitor their pet's actions and whereabouts. These IoT-enabled pet tracking items harness IoT technology with GPS (Global Positioning System) or cellular tower triangulation to determine the tracker's exact position, which can be viewed via a companion app on the owner's smartphone. Key benefits of these IoT-enabled pet trackers involve precise location tracking, geofencing alerts if the pet exits a set area, and extended battery longevity. For instance, in March 2024, the US-based pet health tech firm PetPace introduced PetPace 2.0, an AI-driven intelligent dog collar. This collar offers non-stop monitoring of critical signs like temperature, pulse, respiration rate, and activity levels via noninvasive sensors and sophisticated machine learning technology. Its primary importance is its unrivalled capacity to provide near-instant health data, allowing for early identification of prospective health complications, improving overall pet wellness and enabling remote evaluations by vets.
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What Are the Emerging Geographies for The Pet Wearable Market Growth?
North America was the largest region in the pet wearable market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pet wearable market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Pet Wearable Market?
2. What is the CAGR expected in the Pet Wearable Market?
3. What Are the Key Innovations Transforming the Pet Wearable Industry?
4. Which Region Is Leading the Pet Wearable Market?
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